Comments by "Samson Soturian" (@samsonsoturian6013) on "China's International Debt Crisis" video.

  1. Due to cultural issues, a lot of these countries couldn't maintain rails even though the men that built them were permanent residents there.
    6
  2. Boyle shouldn't travel to China after posting this and related content
    5
  3. Not in all cases. A lot of industries in China do have much cleaner versions elsewhere, although at one point they were literally recycling America's garbage.
    4
  4. Dear Mr Boyle: No one knows China's real GDP or population. The latter is inflated because governments compete for state resources and double counting expats, residents, and migrant workers is systemic. The former is exaggerated because officials compete for high office with bonuses, promotions, demotions, and so forth often given exclusively based on GDP data. Some officials have been caught falsifying GDP data, but most simply pump the housing bubble and double count both uncompleted projects and stuff companies based in their cities do in other provinces. End result: China's evonomic data is so bad that their central bank said they are having trouble keeping the currency price stsble.
    4
  5. Which they don't have. Don't go off claims by Chinese officials. Claims that cloning have been achieved, that an invasion is imminent, and ridiculous GDP growth expectations are not uncommon.
    3
  6. He was drawing a comparison just to show how ridiculous the situation is. The Marshal Plan is cited as a major reason the western half of Europe recovered from WWII much faster than other parts.
    3
  7. Some Chinese cities see mass defaults of over 50%. There's also a mass mutiny going on where mortgage holders refuse to pay until their house is delivered (many making crippling payments for a house that was never finished).
    3
  8. Bribery is involved in some cases. Also, the loans you see in the news are due to degenerative behaviors.
    2
  9. Shut up
    2
  10.  @billhanna8838  shut up
    2
  11. On account the belt and road originally referred to a railroad that was never built. Because Beijing doesn't discriminate on which states they offer loans. And because they've been taking out loans they can't afford to do this
    2
  12. Patrick doesn't speak for a government, and Ireland isn't bankrupt.
    1
  13. Vhut?
    1
  14. So?
    1
  15. That's bullshit. About 10% of Sri Lankan debt is to China and by all accounts it was malinvestment as the loan was given to build a port knowing the Sri Lankans couldn't pay (several Sri Lankans received massive bribes). Most of Sri Lankan debt is in the form of bonds that anyone can buy, and most of the rest is to private banks all over the world.
    1
  16. Belt and road started out as a railroad project and ended as a literal world domination scheme.
    1
  17.  @steviewonder417  with that level of whataboutism, you'll be in line for the surgery soon.
    1
  18.  @steviewonder417  how do I already know for a fact you're lying?
    1
  19. As if there isn't mass defaults in banks, steel mills, and mortgages as we speak...
    1
  20. All the above
    1
  21. It's what commies think colonialism is, yes
    1
  22. That evaporated this year too as Chinese manufacture was also held together with lies and borrowed funds. They were literally borrowing from the US in order to sell to the US. And even so that doesn't mean every cent will go towards plugging losses as the companies making money exporting aren't always the ones losing money lending.
    1
  23. A few of them are, but there are some socialists and little pinks in here. Others are just spamming slogans and others are blaming communism.
    1
  24. quit throwing those words around as if you don't know whst they mean
    1
  25. Long game? There never appeared to be any plan.
    1
  26. Not necessarily. Depends how much you borrow
    1
  27. It originally just was a railroad that proved infeasible, now it's a catchall for their world domination efforts.
    1
  28. Not necessarily. But that sort of loan shark behavior is certainly a thing
    1
  29. Shut up, gong fei.
    1
  30. Like you'd know
    1
  31. No one knows what you mean
    1